Timera Kemp
Econ 181-901
August 15, 2016
Homework:
1. Distinguish between Discretionary Fiscal Policy and Automatic Fiscal Policy and give an
example of each.
Discretionary Fiscal policy is the changes in the level of active government taxation, and
spend

Lesson 06.04 Assignment
1. The interviewee's age:
45
2. The interviewee's political party affiliation:
Republican Party
3. How do you feel about America having a deficit?
Im very concerned and worried about it. Its too high and Im sure everyone is in
a

02.02 GDP Assignment
1. Business inventories are goods that have been made but not yet sold. When the
products are sold, the difference between the inventory value and the selling price is
added to or subtracted from GDP.
2. GDP = C + Ig + G + (X-M)
$123

1. For each of the following, describe the opportunity cost when you decide to do
each activity.
a. Go to the beach or study for an exam
- The opportunity cost of going to the beach is being well-prepared for an
the exam, whereas the cost of studying for

Lesson 04.01 Assignment
A. Jamestown has the absolute advantage in helicopters (80>20) and Millerville has the
absolute advantage in scooters (60>40). Fixed this like we talked about on the phone
B. The lowest opportunity costs to determine comparative ad

Assignment Lesson 06.07
A) will be attached
B) The Fed could use an open market purchase to resolve the problem (aka buying
bonds). Buying bonds back from the banks would give more money to the banks,
therefore increasing money supply. This increase in mo

Lesson 04.04 Assignment
Scenario 1:
A) The goods in the domestic market become more expensive because of
inflation. This will increase the prices of domestic products and corresponding demand
for U.S. products will fall. This will cause the dollar to depr

02.01 Assignment
b) The money spent by tourists in the Macro Islands first goes to the firms by way of
business revenue when the tourists start buying goods and services from the product
market. This money is then spent by the firms to buy more resources

Lesson 05.02 Assignment
1) Here $40,000 of reserves is required to be held against $200,000 of deposits. Hence,
required reserve ratio must be $40,000/$200,000 = .2 or 20%
2)
A. It has $25,000 of excess reserves so it can make $25,000/.2 = $125,000 in
new

Iourii Manovskii
Lecture 3
Specific Factors Model
Please Note:
1. These are draft notes and they may contain typos. If you do find a typo please let me know as soon as possible so that
I can alert other students.
2. To improve the presentation, I occasion

NOTESONTHESOLOWGROWTHMODEL
Econ002
ProfessorLucaBossiUniversityofPennsylvania
NOTE: This topic will be treated in a slightly different
way than the previous ones we have studied so far.
First,thereisnoreferencetothistopicinthebook,soit
isveryimportantyouc

INTERMEDIATE MACROECONOMICS Advice

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I would not recommend taking this class. He gives a few homework in the beginning of the course, but no more homework after that. The first two exams are the exact same format as the practice exams, and he gives you the final exam. However, it is way too much information to memorize, and definitely super difficult to find the answers for the final.

Course highlights:

The highlights of this course was that he basically gave us the exams. I learned more real life examples than I have in the past in any of the economic classes I have taken.

Hours per week:

6-8 hours

Advice for students:

You have to attend every single class. Just like any other tough classes, you will definitely not succeed in this class if you do not go to class regularly. Also, never miss a single homework, because he does drop your lowest homework grade, but he also only gives you about 4 homework assignments the entire course period.

Course Term:Spring 2016

Professor:Russel Chuderewicz

Course Required?Yes

Course Tags:Great Intro to the SubjectGo to Office HoursCompetitive Classmates